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Enron Mail |
Need to get you 2 talking to LORI, I don't see much of a problem in going along with the EOTT valuation. It's their asset now.
-----Original Message----- From: Saunders, James Sent: Monday, October 29, 2001 7:11 AM To: Hayslett, Rod; Meers, Thomas; Meers, Thomas Subject: FW: EOTT/EGP Fuels SEC Data Responses Rod, Tom, Roger's question/concern is serious, and the approach I've seen in documentation does not help our position We are proposing (or are) to argue that Fair Value is substantially less than $41.9mm. If that is the case, we will have to go back and impair the MTBE facility, and re-do the financials. We have asserted that the fair value for book purposes approximates a higher value than our tac position. Normally this variance is no big deal, but because of the "sale", this book tax variation is problematic. This will result in a substantial loss, and cause EOTT's SEC filings to be in jeopardy. -----Original Message----- From: roger.d.willard@us.andersen.com [mailto:roger.d.willard@us.andersen.com] Sent: Friday, October 26, 2001 7:26 PM To: Saunders, James Cc: Hayslett, Rod; Butts, Bob; Farmer, Stanley; Meers, Thomas; Meers, Thomas; stephen.p.huzar@us.andersen.com; Jolibois, Anne; Rogers, Rex; Saunders, James; Maddox, Lori Subject: Re: EOTT/EGP Fuels SEC Data Responses Is Enron disputing the fair value of $41.9 million already disclosed as agreed to with HCAD? And if so what value is the company asserting? To: Rod.Hayslett@enron.com, Bob.Butts@enron.com, Stanley.Farmer@enron.com, Thomas.Meers@enron.com, Thomas.Meers2@enron.com, Stephen P. Huzar@ANDERSEN WO, Anne.Jolibois@enron.com, Roger D. Willard@ANDERSEN WO, Rex.Rogers@enron.com, James.Saunders@enron.com, Lori.Maddox@enron.com cc: Date: 10/26/2001 06:07 PM From: James.Saunders@enron.com Subject: EOTT/EGP Fuels SEC Data Responses Attached is a red line version and "clean" version of proposed EGP Fuels responses to the EOTT SEC request. Bob - I assume you will also review this w Mr Causey Tom - Item # 18 on affiliated revenues requires additional data, that I believe you have on file. All - Item #17 on Morgan's Point tax valuation should be reviewed closely. < < < < <<SEC Data Responses.doc<< <<SEC Data Responses Redline.doc<< < < ********************************************************************** This e-mail is the property of Enron Corp. and/or its relevant affiliate and may contain confidential and privileged material for the sole use of the intended recipient (s). Any review, use, distribution or disclosure by others is strictly prohibited. If you are not the intended recipient (or authorized to receive for the recipient), please contact the sender or reply to Enron Corp. at enron.messaging.administration@enron.com and delete all copies of the message. This e-mail (and any attachments hereto) are not intended to be an offer (or an acceptance) and do not create or evidence a binding and enforceable contract between Enron Corp. (or any of its affiliates) and the intended recipient or any other party, and may not be relied on by anyone as the basis of a contract by estoppel or otherwise. Thank you. ********************************************************************** (See attached file: SEC Data Responses.doc) (See attached file: SEC Data Responses Redline.doc) *******************Internet Email Confidentiality Footer******************* Privileged/Confidential Information may be contained in this message. If you are not the addressee indicated in this message (or responsible for delivery of the message to such person), you may not copy or deliver this message to anyone. In such case, you should destroy this message and kindly notify the sender by reply email. Please advise immediately if you or your employer do not consent to Internet email for messages of this kind. Opinions, conclusions and other information in this message that do not relate to the official business of my firm shall be understood as neither given nor endorsed by it.
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